Poof Payments Inc. – a platform that has become a leader in the world of web3 crypto payment solutions – has recently unveiled its new “Pay with Anything” feature. This allows users to pay or process invoices through a wide array of digital currencies such as Cardano, Avalanche, Ethereum, and practically any other asset they can think of.
Poof Payments Allows Altcoin Payments
The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Consider the following scenario: someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn’t trade the BTC into fiat right away and about 24 hours go by. From there, the price of BTC goes down and that $50 becomes $40. The customer gets to keep everything he or she bought, but the store loses money in the end. Is this a fair situation? Not everyone thinks so.
That’s what makes enterprises like Poof Payments so important. They understand the initial purposes of bitcoin and digital currencies and are trying to transform them into usable tools that everyday people can benefit from.
Today, bitcoin and digital currencies are garnering more attention than they ever have. Recently, digital payment platform PayPal announced that it was bringing its own stable currency to the market for the purpose of allowing users to pay for goods and services with a virtual currency. While we’re not quite where we could be yet, the idea is finally permeating the business world that digital assets can, in fact, be used to process payments for everyday items.
Standard Finance Isn’t Being Cut Out of the Mix
Poof Payments is also not cutting out standard finance. Users can choose to process transactions and/or invoices through USD and standard fiat currencies, though the digital options are there, thus bringing a whole new level of legitimacy and mainstream appeal to multiple altcoins that otherwise would never have been recognized as valid.
Users can also pay through Visa and Mastercard payments, as well as through PayPal and even Zelle.